Sen. Chuck Grassley took the Justice Department to task Wednesday for its fair lending settlement with Countrywide Financial Corp., saying it will have minimal economic impact for affected borrowers.

The department's original complaint sought to make victims of discrimination whole again, but Grassley said the $335 million settlement — the largest fair lending settlement in history — only amounts to an average of $1700 per victim. He said the $25 billion mortgage servicer settlement also fails to provide meaningful remediation to borrowers.

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